Post by
materialsgirl on Aug 19, 2013 8:41am
You can't get there from here
The SND businesss model is based on sound principles. The challenge now is that the better part of $100m has been frittered away into uncertain or nearly dead assets. The share price is way down and the bank balance lacks funds to do new deals. We are at a standstill.
It is a classic case of looking ahead at opportunity but being unable to participate. Within a year or two if Donner or Colossus or something catches on fire then the wind will be at our back and this could get us going again. This has a good chance to happen and with a possible $3 share price there could be a new public offering
In the meantime SND cannot be proactive in doing new deals. There simply is no available money.
Mat
Comment by
ivalu8 on Aug 19, 2013 2:38pm
DON will not default. They may raise cash at unfavourable terms to shareholders, however, they will raise capital at all costs. This is they project they have been working towards for years. They will not let this go lightly. Without Bracemac, they are another 5+ years away from another possible producing mine.